Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Question

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Answer 1

Question

Chapter 3, Problem 1DQ

To determine

Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Expert Solution & Answer

Explanation of Solution

The given statement stands true with the perspective of the WF Bank scandal. WF Bank had set up the sales quota and this had driven the major workforce of the bank to achieve the targets to retain the jobs and achieve the incentives. This has resulted in a world-wide great scandal, as the employees rationalized their behavior and committed fraud to meet the targets.

In a company with poor ethical culture and environment, the employees would be forced to work under certain pressure, which shall make them loose their job satisfaction. This may discourage the employees from performing their work efficiently.

There could be the prevalence of the fraud triangle of the pressure, opportunity and rationalization, with greater pressure on the workload and excessive rationalizations. The goals set for the employees might be unrealistic and the pressure to meet the goals might be high. This shall result in a negative impact on the company's performance in the long run.

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Answer 2

Question

Chapter 3, Problem 1DQ

To determine

Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Expert Solution & Answer

Explanation of Solution

The given statement stands true with the perspective of the WF Bank scandal. WF Bank had set up the sales quota and this had driven the major workforce of the bank to achieve the targets to retain the jobs and achieve the incentives. This has resulted in a world-wide great scandal, as the employees rationalized their behavior and committed fraud to meet the targets.

In a company with poor ethical culture and environment, the employees would be forced to work under certain pressure, which shall make them loose their job satisfaction. This may discourage the employees from performing their work efficiently.

There could be the prevalence of the fraud triangle of the pressure, opportunity and rationalization, with greater pressure on the workload and excessive rationalizations. The goals set for the employees might be unrealistic and the pressure to meet the goals might be high. This shall result in a negative impact on the company's performance in the long run.

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Answer 3

Question

Chapter 3, Problem 1DQ

To determine

Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Expert Solution & Answer

Explanation of Solution

The given statement stands true with the perspective of the WF Bank scandal. WF Bank had set up the sales quota and this had driven the major workforce of the bank to achieve the targets to retain the jobs and achieve the incentives. This has resulted in a world-wide great scandal, as the employees rationalized their behavior and committed fraud to meet the targets.

In a company with poor ethical culture and environment, the employees would be forced to work under certain pressure, which shall make them loose their job satisfaction. This may discourage the employees from performing their work efficiently.

There could be the prevalence of the fraud triangle of the pressure, opportunity and rationalization, with greater pressure on the workload and excessive rationalizations. The goals set for the employees might be unrealistic and the pressure to meet the goals might be high. This shall result in a negative impact on the company's performance in the long run.

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Answer 4

Question

Chapter 3, Problem 1DQ

To determine

Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Expert Solution & Answer

Explanation of Solution

The given statement stands true with the perspective of the WF Bank scandal. WF Bank had set up the sales quota and this had driven the major workforce of the bank to achieve the targets to retain the jobs and achieve the incentives. This has resulted in a world-wide great scandal, as the employees rationalized their behavior and committed fraud to meet the targets.

In a company with poor ethical culture and environment, the employees would be forced to work under certain pressure, which shall make them loose their job satisfaction. This may discourage the employees from performing their work efficiently.

There could be the prevalence of the fraud triangle of the pressure, opportunity and rationalization, with greater pressure on the workload and excessive rationalizations. The goals set for the employees might be unrealistic and the pressure to meet the goals might be high. This shall result in a negative impact on the company's performance in the long run.

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Answer 5

Chapter 3, Problem 1DQ

To determine

Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Expert Solution & Answer

Explanation of Solution

The given statement stands true with the perspective of the WF Bank scandal. WF Bank had set up the sales quota and this had driven the major workforce of the bank to achieve the targets to retain the jobs and achieve the incentives. This has resulted in a world-wide great scandal, as the employees rationalized their behavior and committed fraud to meet the targets.

In a company with poor ethical culture and environment, the employees would be forced to work under certain pressure, which shall make them loose their job satisfaction. This may discourage the employees from performing their work efficiently.

There could be the prevalence of the fraud triangle of the pressure, opportunity and rationalization, with greater pressure on the workload and excessive rationalizations. The goals set for the employees might be unrealistic and the pressure to meet the goals might be high. This shall result in a negative impact on the company's performance in the long run.

Answer 6

Chapter 3, Problem 1DQ

To determine

Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Expert Solution & Answer

Explanation of Solution

The given statement stands true with the perspective of the WF Bank scandal. WF Bank had set up the sales quota and this had driven the major workforce of the bank to achieve the targets to retain the jobs and achieve the incentives. This has resulted in a world-wide great scandal, as the employees rationalized their behavior and committed fraud to meet the targets.

In a company with poor ethical culture and environment, the employees would be forced to work under certain pressure, which shall make them loose their job satisfaction. This may discourage the employees from performing their work efficiently.

There could be the prevalence of the fraud triangle of the pressure, opportunity and rationalization, with greater pressure on the workload and excessive rationalizations. The goals set for the employees might be unrealistic and the pressure to meet the goals might be high. This shall result in a negative impact on the company's performance in the long run.

Answer 7

Chapter 3, Problem 1DQ

To determine

Analyze the given statement “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and all for the purpose of getting the results they want and need at almost any cost.”

Answer 8

Expert Solution & Answer

Explanation of Solution

The given statement stands true with the perspective of the WF Bank scandal. WF Bank had set up the sales quota and this had driven the major workforce of the bank to achieve the targets to retain the jobs and achieve the incentives. This has resulted in a world-wide great scandal, as the employees rationalized their behavior and committed fraud to meet the targets.

In a company with poor ethical culture and environment, the employees would be forced to work under certain pressure, which shall make them loose their job satisfaction. This may discourage the employees from performing their work efficiently.

There could be the prevalence of the fraud triangle of the pressure, opportunity and rationalization, with greater pressure on the workload and excessive rationalizations. The goals set for the employees might be unrealistic and the pressure to meet the goals might be high. This shall result in a negative impact on the company's performance in the long run.